FHA home loans have a much easier policy to apply for a home loan after a Chapter 7 bankruptcy than conventional loans. Â FHA only requires a two year wait after a Chapter 7 bankruptcy discharge where conventional loans require a four year wait.
Read more at:http://socalfhahomeloans.com/fha-loan-requirements-after-chapter-7-bankruptcy-in-california/
The key date to look for is the discharge date (not the file date) of the Chapter 7 bankruptcy. Â It is from this date that you count two years to be able to apply for a FHA loan in California. Â If you like us to look this date up for you we can do that with a credit check. Â
Another key factor is that FHA loan guidelines like to see that you do not have any additional credit derogatory items after the bankruptcy discharge. Â Make 100% sure you are not late on any accounts that report to your credit and that you do not incur any collections or tax liens following your bankruptcy.
So I hope this excites you that you can buy a home only two years after a bankruptcy. Â Feel free to email us at email@example.com or call at 858-922-7899 if you would like to discuss applying for a FHA loan in California.Regards,http://socalfhahomeloans.com/Rob ChomentowskiSr. Loan OfficerÂ Affinity Financial858firstname.lastname@example.orgÂ Â